Sanford Plaza Sanford, Florida

$1,485,000
Cap Rate: N/A
Property type: Multi-Tenant / Shopping Center

Property Details

Cap Rate: N/A
Price: $1,485,000
NOI: N/A
Building Size: 12,380 SF
Price PSF: $119.95
Year Built: 2008
Lot Size: 1.93 Acres
Parking Spaces: 50

4243 North Highway 17-92
Sanford, FL 32773

Investment Highlights

  • 12,380 Square Feet of Vacant Space
  • Currently Subdivided into Three Units
  • Directly Across the Street from Seminole State College of Florida, Which has More Than 32,000 Students and 800 Faculty and Staff
  • Directly Next to the Subject Property will be a Premier, Mixed-Use Development Called Reagan Center, Which is Planned to Consist of More Than 1.3 Million Square Feet of Retail Space, 805 Apartment Units and 66 Townhomes, Which Have Already Been Sold

 

Investment Overview

Sanford Plaza consists of 12,380-square-feet of vacant space and is currently subdivided into three units. Sanford is included in the Orlando-Kissimmee-Sanford, Florida Metropolitan Statistical – with a population of more than 2 million people. The greater Orlando area is best known for its tourism industry, which attracts millions of visitors annually. It is strategically positioned and surrounded  by national retailers including Publix, Walgreens, CVS, Walmart Supercenter, Lowe’s, Ross, Pep Boys, GameStop, Dunkin’ Donuts, KFC, Wendy’s, Pizza Hut, Papa John’s Pizza and many more.

Sanford Plaza is located off U.S. Highway 17-92, with a traffic count of more than 38,000 vehicles per day, and is in the process of being widened. Sanford Plaza is directly across the street from Seminole State College of Florida, which has more than 32,000 Students and 800 faculty and staff.  It is directly next to the subject property will be a premier Mixed-Use development called Reagan Center, which is planned to consist of more than 1.3 Million square feet of retail space, 805 apartment units and 66 townhomes, which have already been sold. In addition, the Park Square townhomes are currently under construction directly behind the subject property.

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